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Department of Labor (DOL) › Employee Benefits › Loan Repayment Issues

Faegre Drinker Biddle & Reath LLP

New Self-Correction Component under the DOL’s Voluntary Fiduciary Correction Program

Faegre Drinker Biddle & Reath LLP on

The Voluntary Fiduciary Correction Program (VFCP) has long been a source of reprieve to plan sponsors and fiduciaries from enforcement actions by the Department of Labor (DOL), by allowing the voluntary correction of a number...more

Fisher Phillips

Department of Labor Proposes Self-Correction Option Under Voluntary Fiduciary Correction Program

Fisher Phillips on

The Department of Labor recently proposed updates to its Voluntary Fiduciary Correction Program (VFCP), which would allow fiduciaries the opportunity to self-correct certain matters including late deposits to a 401(k) plan....more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Loan relief from EBSA

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

BSA Notice 2020-01 from the Employee Benefits Security Administration (EBSA) announced important relief for plan sponsors in connection with authorizing plan loans and distributions...more

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